Hillcrest RDMedford, OR97504

$1,700,000
37.34 acres
Acres20to50
Elementary School: Abraham Lincoln
Middle School: Hedrick
High School: North Medford
Zoning: SFR-4
160 days on market
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Recent price drop$100,000
Price per acre$45.5K/ac
Time on market160 days

Property Description

Introducing The Ridge at Highlands - a stunning, high-end residential development offering in one of the most desirable neighborhoods of the rapidly growing Medford MSA. This prime piece of residential development ground offers a developer supply of a proven, high-end single-family product for multiple years. This property stands out for its exceptional location and breathtaking views. Nestled on a sloping landscape facing southwest, this one-of-a-kind property presents an extraordinary chance to embrace picturesque valley and city views. Utilities, as well as multiple access roads (Cherry Ln, Cloudcrest Dr, and Stardust Way) are both stubbed directly to the property line as well as multiple water and sewer lines that run through the property. The incoming developer will be able to inherit phased conceptual plans and preliminary engineering, allowing for an accelerated timeline to breaking ground. The first phase of the conceptual plan has already been developed, proving the viability of the project. Arrange a tour today of one of the very last buildable, luxury single-family development pieces in East Medford. Buyer to do all due diligence regarding the requirements and associated costs of development (including but not limited to applications, permits, improved access, required offsites, utility availability and extension, etc.). Please note that any density/configuration is subject to final approval

{{ compliance-logo }}Listing Provided By Merit Commercial Real Estate, LLC.

Financial Data

Price ChangeDropped $100,000 on 03/26/2024
Total $100,000 drop
Original Price$1,800,000
Current Price$1,700,000
Property Taxes$31,151

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Home Facts

StatusActive
MLS ID23202131